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Stanley-3 Production Update

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RNS Number : 8047O
Mosman Oil and Gas Limited
04 October 2019
 

 

4 October 2019

 

Mosman Oil and Gas Limited

 ("Mosman" or the "Company")

 

Stanley-3 Production Update

 

Mosman Oil and Gas Limited (AIM: MSMN) the oil exploration, development and production company, advises that the Stanley-3 continues to produce.

 

The Stanley-3 well was  placed on production on 10 September 2019 ) and produced 2,428 BBLs at an average of 115.6 BOPD gross in September.

 

The Stanley-3 well production rates are still yet to fully settle.  Once steady flow rates have been achieved,  the Company will provide and update in relation to this.

 

Mosman has a 14.85% working interest in the Stanley-3 well.

 

John W Barr, Chairman, said: "We continue to be delighted with the progress at Stanley, and the clearly commercial flow rates being delivered underline the significant commercial success. Once Stanley-3 is fully settled, the operator's attention will move to Stanley-4.

 

"The Company continues to meet its objectives, and very much looks forward to the next wells being drilled."

 

Competent Person's Statement

The information contained in this announcement has been reviewed and approved by Andy Carroll, Technical Director for Mosman, who has over 35 years of relevant experience in the oil industry. Mr. Carroll is a member of the Society of Petroleum Engineers.

 

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside

information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

 

 Enquiries:

 

Mosman Oil & Gas Limited

John W Barr, Executive Chairman

Andy Carroll, Technical Director

[email protected]

[email protected]

 

NOMAD and Broker

SP Angel Corporate Finance LLP

Stuart Gledhill / Richard Hail / Soltan Tagiev

+44 (0) 20 3470 0470

 

Alma PR

Justine James

+44 (0) 7525 324431

[email protected]  


 

Updates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com

 

 

Technical Glossary

BBLs                                                          

barrel / barrels

BOPD

barrels of oil per day

TVD

(True Vertical Depth)

the vertical distance from a point in the well  to a point at the surface.

MD   

(Measured Depth)                                  

the length of the wellbore, as if determined by a measuring stick

MCFGPD

thousand cubic feet of gas per day

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Price: 0.22

Market: AIM
Market Cap: £1.95 m
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Mosman Oil and Gas sees highest flow rate yet at Stanley project from third well

Mosman Oil and Gas Limited's (LON:MSMN) Andy Carroll speaks to Proactive London after announcing that the Stanley-3 well in Texas has been completed. He says the well struck a six-foot interval during completion operations with the recovered fluid 100% oil. Carroll adds they'll be looking...

on 12/9/19